LEADER 04782oam 2200721I 450 001 9910777982203321 005 20230721021522.0 010 $a1-134-02195-X 010 $a1-134-02194-1 010 $a1-282-37325-0 010 $a9786612373251 010 $a0-203-87967-8 024 7 $a10.4324/9780203879672 035 $a(CKB)1000000000762107 035 $a(EBL)435646 035 $a(OCoLC)437125221 035 $a(SSID)ssj0000366801 035 $a(PQKBManifestationID)12098876 035 $a(PQKBTitleCode)TC0000366801 035 $a(PQKBWorkID)10416753 035 $a(PQKB)11015178 035 $a(MiAaPQ)EBC435646 035 $a(Au-PeEL)EBL435646 035 $a(CaPaEBR)ebr10313093 035 $a(CaONFJC)MIL237325 035 $a(OCoLC)647824749 035 $a(EXLCZ)991000000000762107 100 $a20180706d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe timing of income recognition in tax law and the time value of money /$fMoshe Shekel 210 1$aOxon ;$aNew York, N.Y. :$cRoutledge-Cavendish,$d2009. 215 $a1 online resource (366 p.) 300 $aDescription based upon print version of record. 311 $a0-415-63163-7 311 $a0-415-47754-9 320 $aIncludes bibliographical references and index. 327 $aThe purpose of financial accounting and the concept of prudence -- The distinction between income, revenue, and gain -- Revenue recognition -- Expense recognition -- Advances and deposits -- Accounting background : summary and comments -- General tax values -- The time value of money theory -- Tax values relevant to the question of timing : summary and comments -- The dualistic doctrine and the singular doctrine -- The reporting methods -- Between GAAP and fiscal accounting : U.K. tax law -- Between GAAP and fiscal accounting : U.S. tax law -- Between GAAP and fiscal accounting : Israeli tax law -- Between GAAP and fiscal accounting : summary and comment -- The loan approach and the income approach -- Timing of recognition of deposits as 'income' : U.K. tax law -- Timing of recognition of deposits as 'income' : U.S. tax law -- Timing of recognition of deposits as 'income' : Israeli tax law -- Timing of recognition of income from deposits : summary and comments -- The deferral approach and the advance approach -- Timing of recognition of income from advances : U.K. tax law -- Timing of recognition of income from advances : U.S. tax law -- Timing of recognition of income from advances : Israeli tax law -- Timing of recognition of income from advances : summary and comments -- The certainty level question and the time gap question -- Timing of deduction of future expenses : U.K.. tax law -- Timing of deduction of future expenses : U.S. tax law -- Timing of deduction of future expenses : Israeli tax law -- Timing of deduction of future expenses : summary and comments -- The comparative value taxation model (the C.V.T. model) -- The saving of financing costs taxation model (the S.F.C. model) -- Selecting one of the two models -- Impact on tax revenues. 330 $aTime itself creates advantages and disadvantages in the field of taxation. The timing of the recognition of income and expenses for tax purposes has two main implications: firstly, for the timing of the collection of tax, and secondly, for the question of quantification, i.e., how to ensure that the difference between the timing of the recognition of income or expenses, as opposed to the respective dates on which the amounts are actually received or paid, does not distort the determination of the amount of chargeable income.The time component is a weapon in the confrontation between 606 $aIncome tax$xLaw and legislation$zGreat Britain 606 $aIncome tax$xLaw and legislation$zUnited States 606 $aIncome tax$xLaw and legislation$zIsrael 606 $aIncome tax$xAccounting$xLaw and legislation$zGreat Britain 606 $aIncome tax$xAccounting$xLaw and legislation$zUnited States 606 $aIncome tax$xAccounting$xLaw and legislation$zIsrael 615 0$aIncome tax$xLaw and legislation 615 0$aIncome tax$xLaw and legislation 615 0$aIncome tax$xLaw and legislation 615 0$aIncome tax$xAccounting$xLaw and legislation 615 0$aIncome tax$xAccounting$xLaw and legislation 615 0$aIncome tax$xAccounting$xLaw and legislation 676 $a343.05/2 700 $aShekel$b Moshe.$01567108 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910777982203321 996 $aThe timing of income recognition in tax law and the time value of money$93838219 997 $aUNINA